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By CD Analytics, Will Canny|Edited by Aoyon Ashraf
Aug 12, 2025, 4:51 p.m.
- DOT gained 4% after defending support.
- The token may now target the $4.15-$4.20 zone.
DOT demonstrated resilience with a robust recovery rally, rising over 4% to $4.12 after defending pivotal support levels around $3.84-$3.86, according to CoinDesk Research’s technical analysis model.
The model showed that the cryptocurrency breached resistance at $3.92 with exceptional volume exceeding 7 million, suggesting institutional accumulation and continued upward momentum towards $4.15-$4.20 targets.
STORY CONTINUES BELOW
Developer activity data reveals Polkadot positioned 8th in core development with 72 commits, whilst ranking 2nd in ecosystem development with 4,337 commits, trailing Ethereum, according to the model.
The rally in DOT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 1%.
In recent trading, Polkadot was 4% higher over 24 hours, trading around $4.12.
Technical Analysis:
- DOT established robust support around the $3.84-$3.86 zone after reaching a session minimum of $3.82.
- High-volume breakthrough above $3.92 resistance with exceptional volume exceeding 7 million signals institutional accumulation.
- Successful defence of the $3.88-$3.92 consolidation range suggests continued upward momentum.
- Clear ascending channel formed with support accumulating around $4.00-$4.02 zone during the final hour.
- Fibonacci extension targets identified at $4.15-$4.20 levels based on measured move analysis.
- Volume surge exceeding 216,000 during 15:23-15:28 UTC window confirms bullish breakthrough above $4.060.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
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By CD Analytics, Oliver Knight
1 hour ago
Cosmos native token encounters significant trading volatility as institutional adoption accelerates across decentralized finance platforms.
What to know:
- ATOM traded within a tight $0.18 range, with $4.60 marking strong institutional resistance and $4.47–$4.48 acting as a firm support zone.
- Institutional buying surged Aug. 12, with volumes hitting 1.93 million tokens during the recovery phase.
- Final-hour selloff saw ATOM drop 1% from $4.57 to $4.51 as sellers broke through multiple support levels.
